Best Investing Location in Central Florida

[Kristin Synnott]

Hello everyone. I am ready to buy my first rental property/first home and am extremely conflicted about the location. My original plan was to buy a property using a FHA loan, have a room mate for a couple years, and then rent out the property. I travel most of the year for work which is why I am free to invest in almost any location. However I would like to invest in the greater Orlando area, or by the east coast. What areas do you recommend or have had success with in the past? The market is very hot and I am having a hard time finding a property.

[Alberto Nikodimov]

Hey @Kristin Synnott, congrats on starting your RE journey! The location depends on your preferences but here is some general info. My advice is try to be in a B Class neighborhood or worse case C+ class. That’s where an investor can see the highest profit, properties are easy to rent and you don’t have many issues. If you go with class A the rent will be much lower compared to the purchase price and you will be breaking even or loosing money. If you go with a lower C class of D Class properties then we will be dealing with problematic tenants and lots of maintenance issues.

The market is currently very hot but there are still deals out there! Maybe there is something wrong with your process of finding a deal and offering on it. I will be happy to jump on a quick call and give you some additional inside info of the local market. Feel free to reach out!